LNG

US LNG shipments declined in the past week and pipeline natural gas exports to Mexico rose as domestic net injections into storage continued to increase and the Henry Hub benchmark spot price was 32 percent lower so far in May compared with year-ago levels.

The US expects rising natural gas production will support the forecast surge in LNG and pipeline exports in next 12 months as well as re-establishing storage levels after the smallest April injections for inventories since 1983.